Auction 411

One of the oldest, but most effective business practices is to save money where you can in order to maximize your profits. Well, when starting your eBay store, the best thing to do is to start off on the right foot by choosing the right payment system to protect both your customers and most importantly, yourself!

The right payment system can help prevent lost sales due to a poor user experience. The right payment system can also protect your sensitive customer data which protects you from any law suits from privacy issues. The right payment system offers the flexibility to accept all forms of payments ranging from wire transfers to credit cards. The most important aspect of the right payment system is that it protects you from fraud.

The one and only payment system we recommend that fulfills all the above mentioned criteria is eBay’s own PayPal system. PayPal’s industry leading business security has the lowest loss rate of all the top merchant sites, state of the art encryption to protect your data, the ability to accept all types of payments and most importantly, they have a whole team of eCommerce Fraud Experts to help you predict and prevent fraud from happening on your site. Because PayPal is a trusted entity on eBay, being able to display the PayPal logo on your store can help build a level of trust to help convert visitors into customers at your eBay store.

Much like your new eBay account, we recommend that you start a new PayPal account as well to keep your personal purchases separate from your business. The main advantage of keeping a separate business account is to minimize the amount of confusion between funds, so you can better analyze your business.

To Set Up Your PayPal Business Account, Click Here!

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